With the country in deep trouble, if you weren't wiped out in the stock market and were still rich you were on easy street. Everything cost a trifle and you could get servants for a song. The only real downer for the idle rich was income tax but there were ways around that, playing losses against gains. The rich were in a great position to buy up properties, for instance, at fire sale prices and do amazingly well when WWII industries brought prosperity to the nation. If you weren't the IDLE rich you might have done very well on illegal activities, when the rich mingled liberally with gangsters. If you were a factory owner you were one worried businessperson trying to deal with a sudden avalanche of red tape and the uncertainty of shifting regulations and govt policies that FDR's administration tried over the years to no avail. Some of the formerly wealthy faked it. There were people who would hire them to add glamor and style, as shown this week on History Detectives with the circus theme fundraising party. Some left the country for the duration of the Depression and many sold off their excess homes and toys.
Donald Trump's going through multiple bankruptcies and keeping up appearances the whole time would give a good idea of what the rich might have done in the Depression. One should also keep in mind that anyone who had been rich since the Gilded Age in the late 1800s had already weathered the Panic of 1893. As Trump and others would say, the first million is the hardest. Once you have the connections, reputation, and experience you can do it again and again and again.
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